World Perspectives
soy-oilseeds

Crush Margins and Soybean Prices Hinge on Soymeal Demand

The National Oilseed Processors Association (NOPA) reported on Monday that members crushed 159.2 million bushels of soybeans during June, a record for the month but about 400,000 bushels below market expectations. The total was up 21.2 million bushels from last year while down 4.3 million bushels from May. Assuming NOPA represents 95 percent of the industry, its figure implies an industry-wide crush of 169.7 million bushels in June. NOPA’s estimated daily crushing rate, however, increased 30,000 bushels from 5.28 million in May to 5.31 million in June, in part due to stronger margins. Board crush margins based on nearby futures peaked just above $1.90/bushel in May but fell to $1.45/bushel by the end of that month. They then rose in...

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feed-grains soy-oilseeds wheat

Market Commentary: Cattle Extend Record Rally; Wheat Finds New Lows; Corn, Soyoil Collapse

The CBOT tried to rally overnight and posted some slight gains heading into the morning break, but thereafter the market quickly found selling pressure. Monday’s favorable Crop Progress and conditions report from USDA offered much of the justification for the selling pressure and helped s...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

Trade War Positions

Canadians reacted with understandable revulsion to President Trump’s insults to their nation. In yesterday’s election, they were given two choices: elect Conservative Pierre Poilievre as prime minister who pledged to build a better and stronger nation, or choose Liberal Mark Carney...

feed-grains soy-oilseeds wheat

Market Commentary: Cattle Extend Record Rally; Wheat Finds New Lows; Corn, Soyoil Collapse

The CBOT tried to rally overnight and posted some slight gains heading into the morning break, but thereafter the market quickly found selling pressure. Monday’s favorable Crop Progress and conditions report from USDA offered much of the justification for the selling pressure and helped s...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

Trade War Positions

Canadians reacted with understandable revulsion to President Trump’s insults to their nation. In yesterday’s election, they were given two choices: elect Conservative Pierre Poilievre as prime minister who pledged to build a better and stronger nation, or choose Liberal Mark Carney...

Canadian Elections

Canadian voters went to the polls last night. They selected Mark Carney, the current Prime Minister, as the leader of the new government. The writ of election was issued just over a month ago, on 23 March, after Governor General Mary Simon accepted a request to dissolve parliament from Prime Mi...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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